Sri Lotus Developers IPO Launch: Subscription Status, GMP, and Key Highlights
Sri Lotus Developers & Realty Ltd, a Mumbai-based real estate developer, launched its Initial Public Offering (IPO) on July 30, 2025. The IPO, open until August 1, 2025, saw a robust Day 1 subscription of 3.85 times.
Sri Lotus DevelopersIpoReal EstateSubscriptionGmpReal Estate MumbaiJul 30, 2025
The allotment process for the public issue is expected to be finalized on Monday, August 4, 2025. The company’s shares will be listed on both BSE and NSE, with a tentative listing date of Wednesday, August 6, 2025.
Sri Lotus Developers IPO is a book-building issue worth ₹792.00 crores. The issue is entirely a fresh issue of 5.28 crore shares. The IPO price band is set between ₹140 to ₹150 per share. The minimum lot size for an application is 100 shares, and the minimum investment amount required for retail investors is ₹14,000 (100 shares).
Motilal Oswal Investment Advisors Limited is the book-running lead manager of the Sri Lotus Developers IPO, while Kfin Technologies Limited is the registrar for the issue.
On Day 1, Sri Lotus Developers IPO saw a subscription of 3.85 times by 5 PM on July 30, 2025. The public issue was subscribed 3.03 times in the retail category, 5.68 times in the Qualified Institutional Buyers (QIB) category, and 3.32 times in the Non-Institutional Investors (NII) category.
The company will utilize the net proceeds from the issue for the following purposes:
- Investment in the subsidiaries, Richfeel Real Estate Private Limited, Dhyan Projects Private Limited, and Tryksha Real Estate Private Limited, for part-funding development and construction costs of their ongoing projects, Amalfi, The Arcadian, and Varun, respectively.
- General corporate purposes.
According to Business Standard, the Grey Market Premium (GMP) of Sri Lotus Developers is ₹44 as of July 30, 2025, at 09:25 a.m. This indicates that the estimated listing price can be ₹194 as per the upper price band, which is ₹150. The estimated gain per share is 29.33%.
Sri Lotus Developers & Realty Ltd, incorporated in 2015 and based in Mumbai, is focused on ultra-luxury and luxury residential and commercial redevelopment projects in Mumbai’s western suburbs like Bandra, Khar, Santacruz, and Juhu. As of June 30, 2025, the company had 0.93 million sq ft of developable area. It has successfully completed 4 projects, with 6 ongoing and 11 upcoming developments, including high-end residential units starting above ₹3 crore per 2/3 BHK and premium spaces above ₹7 crore.
Financially, Sri Lotus Developers saw an impressive growth in revenue from ₹169.95 crore in FY23 to ₹569.28 crore in FY25, and Profit After Tax (PAT) surged from ₹16.8 crore to ₹227.9 crore, with EBITDA margin expanding to 53%.
Frequently Asked Questions
When is the Sri Lotus Developers IPO open for subscription?
The Sri Lotus Developers IPO is open for subscription from July 30, 2025, to August 1, 2025.
What is the price band for the Sri Lotus Developers IPO?
The price band for the Sri Lotus Developers IPO is set between ₹140 to ₹150 per share.
How much is the minimum investment required for retail investors in the Sri Lotus Developers IPO?
The minimum investment amount required for retail investors in the Sri Lotus Developers IPO is ₹14,000 (100 shares).
What is the estimated listing price of Sri Lotus Developers shares based on the GMP?
Based on the Grey Market Premium (GMP), the estimated listing price of Sri Lotus Developers shares is ₹194 as per the upper price band, which is ₹150.
What are the key projects of Sri Lotus Developers?
Sri Lotus Developers has completed 4 projects and has 6 ongoing and 11 upcoming developments, including high-end residential units starting above ₹3 crore per 2/3 BHK and premium spaces above ₹7 crore.
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